Many people are calling bitcoin a bubble, because it’s apparently overvalued. I’m comparing it to the two bubbles I know best, the dot com bubble and the housing bubble from 06. As far as I can tell, the dot com bubble burst because firms recklessly overspent and found that they were unable to achieve profitability. The housing bubble burst because people were unable to pay off their loans, which were overrated because of mortgage backed securities. Bitcoin is neither a reckless firm nor a person who will eventually be unable to pay back their loan. I understand the reason the bitcoin bubble would burst is because people realize it’s overvalued, so its value would be corrected (to a much lower amount), but what would initiate this correction? Just a bunch of people decide at once to sell? Investor fatigue or something?
With the well known issues that exchanges are having with completing transactions, customer service, verifying new accounts, accounts frozen, missing customer money, website going down, hacks, will this be the reason that the price of Bitcoin will come crashing down. I spoke with my bank today to verify that I can reverse a transfer to Coinbase, if I need to. I was told I can, but the phone rep also told me that he has had 3 calls in the last 24 hours about people having issues with Coinbase. This is just one person at the bank and he said some of his coworkers have also fielded calls about Coinbase. Without a stable exchange to effectively handle BTC trading, this has to weigh on the overall marketplace. In addition, if there is a significant intrusion into one of the major exchanges in the US or elsewhere and large amounts of BTC are lost, the ripple through the market could be substantial. Its happened before with Mt Gox and other exchanges this year alone. If people cannot trade without issue or even have access to their money, how can anyone deal confidently? Say what you will about Wall St, but people would never be unable to trade freely. Thoughts?
When the TSLA bubble bursts, how will that effect bitcoin?
TSLA is up 350% is a matter of 4 months, Tesla currently is the largest automobile company in the world, now bigger than Ford, Toyota and Chevy combined. Whenever TSLA does go bear (or atleast a decent pullback), will interest in bitcoin return again? I have a theory that TSLA is stealing a lot of the spotlight away from bitcoin right now. I think the same types of traders who would be interested in bitcoin's volatility are right now occupied with TSLA.
Prediction: Governments will collude to stage a mystery collapse of the internet to reinforce their currency & precious metals as a more stable investment than crypto currencies.. bursting the bitcoin bubble
It is July 6, 2020, and a bubble is indeed about to burst in the Bitcoin world. It is not the Bitcoin bubble, because Bitcoin is not a bubble. On the other hand, the anti-Bitcoin bubble is about to burst as I explain here in detail: "The Anti-Bitcoin Bubble Is About to Burst". We can see that the historical opponents of Bitcoin are changing positions one after the other. More and more institutional investors are now buying Bitcoin to hedge against the great monetary inflation that is currently taking place. Pragmatism is taking over the hatred of some towards Bitcoin. You can't fight the fastest horse in the race for profits indefinitely, in the words of macro investor Paul Tudor Jones. In a few months, the anti-Bitcoin bubble will have burst in my opinion. The fiercest opponents will have to face the facts: Bitcoin is here to stay! Footnotes The Anti-Bitcoin Bubble Is About to Burst Bitcoin Is the Fastest Horse in the Profits Race
OVERVIEW.. 320 A. What Is a Bitcoin?.. 320 B. Advantages of the Bitcoin.. 321 1. Lower Transaction Costs.. 321 2. Bitcoin doomsayers have once again called it too early. Bank of America Corp., the second-largest bank in the US by total assets, announced that “the greatest bubble in history is popping”. Somehow, it doesn’t seem that way. The price of Bitcoin has broken above the $8,000 mark and has steadily collected gains over the weekend. Bitcoin bubble is bursting and has a long way to fall, economists warn This article is more than 2 years old Despite losing 40% in a matter of weeks the cryptocurrency still has further to drop If the bitcoin bubble bursts, this is what will happen next. Bitcoin looks like it's heading towards a major crash. If it happens, crypto-millionaires will be hit hardest while governments move to The Bitcoin Bubble Is Bursting – Here’s What You Need to Know What’s going on? Bitcoin and other major cryptocurrencies, including Ethereum, Litecoin and Ripple, are crashing hard in market value. “The wheels are coming off the bitcoin bandwagon,” one analyst told Business Insider.
Experts have likened the bitcoin craze to the dotcom bubble, Tulip Mania, and other economic bubbles all of which burst eventually. If they're to be believed, Bitcoin's downward spiral is only a ... Here is this video we go in details of how you should be tackling the current state of bitcoin. Do you agree with the analysis ? Comment below. Here are some useful links: To view the charts go to ... The dramatic rise (and fall) in cryptocurrency prices over the past several months has sparked a debate about whether Bitcoin and its peers are overvalued. The key to determining fair value, says ... The bubble will burst. It could take 5 years, it could happen tomorrow. One of the golden rules when dealing with any financial instrument is that you should sell when your neighbour starts investing. Kraken CEO announced the greatest crypto AirDrop. 10,000 Bitcoin SmoooveChannel 4,743 watching Live now Bitcoin: Beyond The Bubble - Full Documentary - Duration: 35:01.